Input Tax Credit (ITC)

UPSC Practice recommends Input Tax Credit (ITC).

Part of: Prelims and GS-III – Economy Context GST Network has said it has blocked Rs 14,000 crore worth of input tax credit (ITC) of 66,000 businesses registered under the Goods and Service Tax. What is ? ITC is a mechanism to avoid cascading of taxes. Cascading of…

.

Read more

Courtesy: IASbaba

Learn more